MVB Financial Management

Management criteria checks 2/4

MVB Financial's CEO is Larry Mazza, appointed in Jan 2009, has a tenure of 15.83 years. total yearly compensation is $2.80M, comprised of 30.3% salary and 69.7% bonuses, including company stock and options. directly owns 4.87% of the company’s shares, worth €13.48M. The average tenure of the management team and the board of directors is 3.8 years and 5.5 years respectively.

Key information

Larry Mazza

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	30.3%
CEO tenure	15.8yrs
CEO ownership	4.9%
Management average tenure	3.8yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Larry Mazza's remuneration changed compared to MVB Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$19m
Jun 30 2024	n/a	n/a	US$20m
Mar 31 2024	n/a	n/a	US$24m
Dec 31 2023	US$3m	US$850k	US$22m
Sep 30 2023	n/a	n/a	US$20m
Jun 30 2023	n/a	n/a	US$19m
Mar 31 2023	n/a	n/a	US$13m
Dec 31 2022	US$1m	US$852k	US$12m
Sep 30 2022	n/a	n/a	US$16m
Jun 30 2022	n/a	n/a	US$26m
Mar 31 2022	n/a	n/a	US$33m
Dec 31 2021	US$2m	US$798k	US$38m
Sep 30 2021	n/a	n/a	US$41m
Jun 30 2021	n/a	n/a	US$35m
Mar 31 2021	n/a	n/a	US$44m
Dec 31 2020	US$2m	US$778k	US$37m
Sep 30 2020	n/a	n/a	US$29m
Jun 30 2020	n/a	n/a	US$27m
Mar 31 2020	n/a	n/a	US$24m
Dec 31 2019	US$2m	US$740k	US$26m
Sep 30 2019	n/a	n/a	US$25m
Jun 30 2019	n/a	n/a	US$24m
Mar 31 2019	n/a	n/a	US$12m
Dec 31 2018	US$2m	US$694k	US$12m
Sep 30 2018	n/a	n/a	US$10m
Jun 30 2018	n/a	n/a	US$9m
Mar 31 2018	n/a	n/a	US$8m
Dec 31 2017	US$906k	US$643k	US$7m

Compensation vs Market: Larry's total compensation ($USD2.80M) is above average for companies of similar size in the German market ($USD782.05K).

Compensation vs Earnings: Larry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Larry Mazza (63 yo)

15.8yrs

Tenure

US$2,801,640

Compensation

A recognized banking and financial services executive, Mr. Larry F. Mazza, CPA, Chief Executive Officer and Director, embraces technology and motivates others to think bigger and do bigger. A high-energy l...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Larry Mazza	CEO & Non-Independent Director	15.8yrs	US$2.80m	4.87% € 13.5m
Donald Robinson	CFO, President & Treasurer	2.8yrs	US$1.31m	0.49% € 1.4m
Michael Giorgio	Executive VP & Chief Information Officer	1.3yrs	US$277.13k	0.014% € 38.6k
Craig Greathouse	Executive VP & Chief Administration Officer	2.8yrs	US$806.74k	0.17% € 461.6k
Kelly Kroskie	Chief Operations & Digital Officer	no data	no data	no data
Patrick Runge	Senior VP & CTO	no data	no data	no data
Lisa McCormick	Corporate Secretary/ Investor Relations	8.8yrs	no data	no data
Amy Baker	Vice President of Corporate Communications & Marketing	no data	no data	no data
Eric Tichenor	Treasurer of MVB Bank Inc	no data	US$138.57k	no data
James Potasky	Senior Vice President of Audit	7.7yrs	no data	no data
Matthew Dean	SVP & Chief Credit Officer	4.8yrs	no data	no data
Martha McLeod	Chief Financial Officer of MVB Bank	1.4yrs	no data	no data

3.8yrs

Average Tenure

51yo

Average Age

Experienced Management: MV6's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Larry Mazza	CEO & Non-Independent Director	19.5yrs	US$2.80m	4.87% € 13.5m
William Becker	Independent Chairman of the Board	4yrs	US$193.00k	0.42% € 1.2m
Kelly Nelson	Independent Director	19.8yrs	US$154.50k	0.67% € 1.8m
John Ebert	Independent Director	11.5yrs	US$148.00k	0.82% € 2.3m
Gary LeDonne	Independent Director	8.2yrs	US$163.50k	0.54% € 1.5m
Daniel Holt	Independent Director	2.8yrs	US$120.63k	0.080% € 221.1k
Jan Owen	Independent Director	2.1yrs	US$144.50k	0.041% € 113.4k
Cheryl Spielman	Independent Director	5.5yrs	US$154.38k	0.19% € 538.4k
Lindsay Slader	Independent Director	2.5yrs	US$118.00k	0.050% € 138.3k

5.5yrs

Average Tenure

64yo

Average Age

Experienced Board: MV6's board of directors are considered experienced (5.5 years average tenure).

MVB Financial Management

Management criteria checks 2/4

Key information

Recent management updates

MVB Financial Corp. Names Joe Rodriguez as Chief Risk Officer

MVB Financial Corp Appoints Jeremy Kuiper as EVP, Fintech President

MVB Financial Corp. and MVB Bank, Inc. Announce Resignation of John C. Marion, Executive Vice President and Chief Risk Officer, Effective August 2, 2024

Mvb Financial Corp. Announces Executive Changes

MVB Financial Corp. Announces Executive Changes

Independent Chairman of the Board recently bought €122k worth of stock

Recent updates

MVB Financial Corp. Declares Fourth Quarter 2024 Dividend, Payable on December 15, 2024

MVB Financial Corp. Names Joe Rodriguez as Chief Risk Officer

Investor sentiment improves as stock rises 23%

Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.30 in 3Q 2023)

New minor risk - Share price stability

Second quarter dividend of US$0.17 announced

MVB Financial Corp. Declares Third Quarter 2024 Dividend, Payable on September 15, 2024

Investor sentiment deteriorates as stock falls 16%

MVB Financial Corp. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Second quarter 2024 earnings released: EPS: US$0.32 (vs US$0.64 in 2Q 2023)

Investor sentiment improves as stock rises 16%

MVB Financial Corp.(NasdaqCM:MVBF) dropped from Russell Small Cap Comp Growth Index

MVB Financial Corp Appoints Jeremy Kuiper as EVP, Fintech President

MVB Financial Corp. and MVB Bank, Inc. Announce Resignation of John C. Marion, Executive Vice President and Chief Risk Officer, Effective August 2, 2024

First quarter dividend of US$0.17 announced

MVB Financial Corp. Declares Dividend for the Second Quarter 2024, Payable on June 15, 2024

New minor risk - Shareholder dilution

First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.20 in 1Q 2023)

Full year 2023 earnings released: EPS: US$1.77 (vs US$1.01 in FY 2022)

Fourth quarter dividend of US$0.17 announced

MVB Financial Corp. Declares Quarterly Cash Dividend, Payable on March 15, 2024

Full year 2023 earnings released: EPS: US$1.77 (vs US$1.23 in FY 2022)

MVB Financial Corp. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

MVB Financial Corp. Declares Fourth Quarter 2023 Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$0.30 (vs US$0.22 in 3Q 2022)

Upcoming dividend of US$0.17 per share at 2.8% yield

MVB Financial Corp. Declares Third Quarter 2023 Dividend, Payable on September 15, 2023

MVB Financial Corp. Issues Quarterly Cash Dividend for the Second Quarter of 2023

Second quarter 2023 earnings released: EPS: US$0.64 (vs US$0.24 in 2Q 2022)

Investor sentiment improves as stock rises 18%

Mvb Financial Corp. Announces Executive Changes

MVB Financial Corp. Announces Executive Changes

Upcoming dividend of US$0.17 per share at 3.8% yield

MVB Financial Corp. Declares Second Quarter 2023 Dividend, Payable on June 15, 2023

First quarter 2023 earnings released: EPS: US$0.20 (vs US$0.24 in 1Q 2022)

Investor sentiment deteriorates as stock falls 17%

Independent Chairman of the Board recently bought €122k worth of stock

MVB Financial Corp. Declares Cash Dividend for the First Quarter of 2023, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$1.23 (vs US$3.32 in FY 2021)

Upcoming dividend of US$0.17 per share

MVB Financial Corp. Declares Dividend for Fourth Quarter 2022, Payable on December 15, 2022

Third quarter 2022 earnings released: EPS: US$0.22 (vs US$1.00 in 3Q 2021)

MVB Financial Corp. Reports Net Charge Offs for the Third Quarter Ended September 30, 2022

MVB Financial Corp. Names Jan L. Owen as Director

MVB Financial Corp. to Appoint Steven E. Crouse as Chief Financial Officer

MVB Financial Corp. Appoints W. Marston Becker as Chairman of the Board

Upcoming dividend of US$0.17 per share

MVB Financial Corp. Declares Third Quarter 2022 Dividend, Payable on September 15, 2022

MVB Financial Corp. (NasdaqCM:MVBF) entered into a definitive merger agreement to acquire Integrated Financial Holdings, Inc. (OTCPK:IFHI) for $94 million.

Second quarter 2022 earnings released: EPS: US$0.24 (vs US$0.79 in 2Q 2021)

MVB Financial Corp. Announces Net Charge-Offs for the Quarter Ended June 30, 2022

Upcoming dividend of US$0.17 per share

MVB Financial Corp. Declares Second Quarter 2022 Dividend, Payable on June 15, 2022

First quarter 2022 earnings released: EPS: US$0.24 (vs US$0.70 in 1Q 2021)

Upcoming dividend of US$0.17 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

MVB Financial Corp. Declares First Quarter 2022 Dividend, Payable on March 15, 2022

MVB Financial Corp. Announces Executive Management Structural Changes

Upcoming dividend of US$0.15 per share

Third quarter 2021 earnings released: EPS US$1.00 (vs US$0.53 in 3Q 2020)

Upcoming dividend of US$0.14 per share

Second quarter 2021 earnings released: EPS US$0.79 (vs US$1.50 in 2Q 2020)

Independent Director has left the company

MVB Financial Corp. Declares Second Quarter 2021 Dividend, Payable on June 15, 2021

First quarter 2021 earnings released: EPS US$0.70 (vs US$0.078 in 1Q 2020)

MVB Financial Corp. (NasdaqCM:MVBF) acquired 80% stake in Flexia Payments LLC for approximately $2.5 million.

Investor sentiment improved over the past week

Daniel W. Holt Not to Stand for Re-Election as Director of MVB Financial Corp

Full year 2020 earnings released: EPS US$3.13 (vs US$2.23 in FY 2019)